I'll just speak to what we deal with more on a day-to-day basis.
Just to recap a little of what my colleague was saying, we represent 175 companies that are scaling—Canadian-headquartered technology companies. The way we tend to analyze this is that they face four principal barriers to scaling: access to talent, to capital, to customers and to the right marketplace frameworks.
When it comes to talent, we see immigration and skilled immigration as a really useful part of filling the gaps that otherwise occur. In reality, these are usually highly technical fields where the number of research personnel and engineering personnel is quite small by global standards.
To give a little sense of perspective, I always like this stat: The Chinese university system graduates six million people a year, which is, by Canadian, American or any other standards, really tremendous. That's not to say that everyone is hiring from China. It's just to say that the number of advanced engineering and research grads coming from outside of Canada is much higher than the number from inside of Canada.
The global talent stream is a system that a lot of our members use. That's worked quite well for them. They identify the talent they need, and they're able to, within a very short amount of time, in a trusted framework, bring those folks to Canada.
There are, of course, teething issues, as there always are with any program, but this is a program that we feel very strongly works for Canada and for the interests of growing and scaling Canadian companies here. As my colleague Daniel said, this isn't about displacing Canadian jobs; it's about scaling companies that are going to create more jobs in Canada for Canadians down the line. I just wanted to speak to the centrality and utility of that tool to fill this specific need.
On your specific questions about credentials recognition, I would say it's not an issue we've heard crop up a lot in this specific context, but I'd be very happy to check back with our membership to see if this is an issue that's occurred for them.